In the Law No. 15 on February 1th of 1966 was published the
Friendship, Commerce and Navigation Treaty between the Republic of
Panama and the Republic of Italy, which rules the relationship
between both countries in matters related to the treatment of their
citizens in the territory of the other party. In this sense, the
treaty established that any citizen of any of the parties shall be
treated as a national in the territory of the other party,
therefore any Italian will be granted with the rights and benefits
as nationals, with the exception of performing retail sales and
exercise professions restricted for Panamanians.
The documents required in the treaty in order to apply for the
Permanent Residency are very similar to the category of Friendly
Nations, even if Italy is not in the list of Friendly Nations.
However, the applicant must provide a Proof or Certificate of
Citizenship as an additional document unique for this category,
which must be issued by an entity of the Government of Italy. This
document must be translated by a Certified Translator of Italian to
Spanish in Panama and must be legalized before the Panamanian
Consulate in order to be verified by the Ministry of Foreign
Affairs of Panama.
On the other hand, the applicant must provide the following
The applicant must justify his
interest of investing in Panama to be eligible to apply for the
Permanent Residence Visa, in accordance with the economic or
professional activity, this requirement can be satisfy trough the
incorporation of a Panamanian Company or a Private Interest
Foundation, or through the purchase of a property in Panama or
presenting a Labor Contract of a Company duly incorporated in
Complete Passport Copy of the
applicant, which must be valid for the next six (06) months and
duly notarized before a Panamanian Public Notary.
The applicant must open a bank
account in Panama in which must maintain a minimum balance of US$
5,000.00 and US$ 2,000.00 for each dependent in order to comply
with the requirement of Economic Solvency, which can be
demonstrated trough a Bank Reference or Bank Statement duly stamped
by the bank in which is established such amounts in numbers or
digits (Minimum 4 medium digits). It's important to note that
the National Immigration Service considers Bank References and Bank
Statements only valid for a period of one (01) month.
It's necessary to issue one (01)
Certified Check in favor of National Treasury for the amount of
US$250.00, which is used to cover the cost for the application
under an immigration category.
Also, the National Immigration
Service requires the Criminal Record of the applicant and his
dependents, this document must be issue by the country in which the
applicant has been a resident in the last two (02) years, must be
duly Apostille, if the country is a member of the Haya Convention;
or legalized before the Panamanian Consulate or Embassy in the
country issuing the Criminal Record.
Copy of personal I.D. or resident
I.D. of country of origin, which will need to be duly authenticated
before a Panamanian Public Notary.
The applicant will be able to include in the same application as
dependent his spouse and children under 25 years of age, as long as
The family relationship. In the case
of the spouse, the marriage certificate, and the children with
birth certificate duly Apostille or legalize before the Panamanian
In the latter case, the applicant
will need to proof that the children are dedicated completely to
their education either in high school or university, and a single
certificate issued from the country of origin will be necessary,
this document must be Apostille or legalize.
Additionally, the applicant shall
render a letter of responsibility duly signed, establishing that he
or she will be responsible financially for his dependents.
Finally, the National Immigration Service will require from the
applicant and dependents a health certificate issued by a
Panamanian license doctor and personal affidavit form, which
basically consist in filling a form issued by the National
The approximate time to obtain the Permanent Residence under
this category is between four (4) to five (5) months. The working
permit can take between two (2) to three (3) additional months.
It is important to note that under this category the Certified
Check for the amount of USD$ 800.00 is not a requirement since
Italian citizens are seemed as nationals, therefore the deposit for
repatriation won't apply for the applicant and his dependents
under this category, making this category the cheapest and fastest
in granting Permanent Residency, as well as the right to acquire
the panamanian nationality after five (05) years as permanent
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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